Alkymi's 2024: Another year of record growth

2024 has been another extraordinary year for Alkymi! From welcoming new clients with $9T AUM to exciting new product launches, we’re pleased to share our 2024 highlights as we prepare for what’s next. Guided by our vision to help our customers unlock greater insights in private markets, our team is laser-focused on delivering even more value for our clients in the year ahead.

Here are our biggest moments and milestones from 2024:

Rapid industry adoption in private markets

We added more industry-leading firms, including asset managers, insurance companies, wealth managers, fund admins, and asset owners representing $9T in total AUM. Firms such as Northwestern Mutual are now leveraging Alkymi to scale their investments capacity and reduce risk. Our customers span the globe, with new and repeat customers across the US, Canada, Europe, Middle East, and Asia-Pacific.

Embracing agentic AI

Last month, we shared insight into how Alkymi is leveraging agentic AI to overcome the challenges associated with traditional data workflows, embedding it into our Patterns to automate some of the most challenging workflows in private markets, such as credit agreements. We've embraced agentic AI to overcome these data obstacles, empowering firms to transform their most complex data workflows into opportunities for innovation.

Innovative product launches and platform enhancements

In November, we launched automated fund tracking, which gives our customers a comprehensive view of fund performance over time for better transparency and reporting. Throughout the year we also launched several additional features to help our customers unlock new insights from their data and leverage AI securely, including the option to get deeper insights into their data with Alkymi-hosted LLMs in private cloud deployments.

New and growing partnerships and industry recognition

Our long-standing partnership with SimCorp continued to expand this year, and we established a strategic partnership with Alpha Alternatives (formerly Lionpoint Group). We were also honored to be named to the CB Insights 2024 Fintech 100 as one of the ‘100 Most Innovative Fintech Startups,’ indicative of the value realized by our customers and the hard work of our amazing team.

New insights into applied AI through our event series

We gathered top investment operations executives in both New York City and Boston for peer discussions on successful strategies for applied AI in private markets. Featuring guest speakers from AllianceBernstein, General Atlantic, Alpha Alternatives, HarbourVest Partners, Liberty Mutual Investments, and Cutter Associates, we discussed how firms are implementing AI, lessons learned, and their aspirations and plans for the future of private markets investing.

Growing our phenomenal team

This year, we added many new team members across the company, including our new VP of Customer Success, George Chedzhemov. The entire Alkymi team got together in person in early December for an inspiring week celebrating our year. We were joined in NYC by guest speakers Jonathan Balkin of Alpha Alternatives and Margaret King of Franklin Templeton, as well as nonprofit Raised By Us to contribute to several local nonprofits selected by our employees.

As we move into 2025, we remain committed to unlocking value within private markets and delivering new insights for our customers. Check out the infographic below for more highlights from our year.